Euro / Dolar USA
Short

HelenP. I Euro can rebound down and break support level

511
Hi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price a few days ago bounced from the resistance zone and made a strong impulse down below the support zone with support 2. After this movement, the price some time traded near support 2 and then made impulse up to support 1, but at once made a little correction. Then Euro bounced up to the trend line, thereby breaking support 1, but soon rebounded and decline below support 1, forming a triangle pattern. Later price some time traded inside the triangle and a not long time ago made impulse higher of support 1 to the resistance zone, exiting from the triangle, and at the moment trades in this zone. Possibly price can fall to the support level and try to break it. If Euro break this level, it can make retest and continue to fall. For this case, I set up my target at the 1.0865 level, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️

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